Forex Trading Outlook: Sep 29 – Oct 2, 2015

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Forex week ahead - uncertaintyThe Forex Week Ahead: September 28 – October 2

It’s all about the Equity markets and a hint of Fridays Jobs report.

Another interesting week ahead as we see the USD approach some pivotal resistance levels on the Euro and some of the other majors. The major financial markets are all looking at each other for some clearer direction and their eyes are looking to China. The experts are once again mixed as the markets try to make head or tail of world events.

Upcoming NFP

It appears that the new kid on the block will be for this week will be Fridays US Non Farm payroll / Jobs report to divert some attention from China’s woes. Friday should once again provide some volatility but no major or extraordinary market rally/ reaction is expected.

It appears that the USD strength is holding up well and we expect those pivotal resistance levels to be tested by mid-week. The Jpy has been showing some fairly strong support across the board as equity markets worldwide continue to decline.

Other Markets

The S&P 500 and other risky assets could provide some unexpected Forex market volatility. So my view for the week ahead will be determined by the direction of equity markets in the next few days. The markets are nervous and any sudden move could create some large swings. Let’s see what unfolds.

Other than something untoward occurring, we expect our current Trade Meters to remain much the same and if anything, we anticipate a slight increase in the direction they’re pointed.

Forex Trend Meters
Forex Trend meters as of September 29, 2015. Daily updated Trend Meters available through the ForexSignal.com Members Only website.
 

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